Stock Groups

Georgia lawmakers consider giving crypto miners tax exemptions in new bill -Breaking

[ad_1]


Georgia House of Representatives has introduced five bills that exempt crypto miners in their locality from sales tax and use taxes.

Georgia Representatives Don Parsons, Katie Dempsey and Heath Clark will be in Atlanta on Monday to represent Georgia. IntroductionHB1342, a bill yet to be titled. The legislation proposes to amend the state tax code “to exempt the sale or use of electricity used in the commercial mining of digital assets” and would likely only apply to commercial miners operating in a facility of at least 75,000 square feet — roughly 6,968 square meters.

Source: Cryptominers Source: WikiCommons